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Gender warfare from another perspective: The richest


The Coates are watching the 2011 FA Cup Final at Wembley Stadium. It was the first English Cup final in Stoke City history. The Coates-sponsored team lost the trophy, being defeated 1-0 by Manchester City. Photo source: StokeonTrentLive.com / Phil Radcliffe.

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Denise Coates, founder and co-CEO of British sports betting giant Bet365 Group Ltd., received around £ 300 million in salaries, bonuses and dividends in the financial year ending in February 2021, according to documents submitted by company to the UK tax authorities. Taking into account its total revenues from the last two financial years, Coates earned over $ 1 billion during that period, according to Bloomberg estimates.

Only the salary with which she is remunerated as CEO is 249.6 million pounds, which places her at the forefront of the top of the highest paid executives worldwide. Compared to the previous financial year, his salary has dropped considerably, by about 40%, from a total of 469 million pounds.

Denise Coates is consolidating her status as the richest woman in the UK, especially after she increased her majority stake in Bet365, after taking over the shares held by her father, Peter, last year, according to the cited documents.

Coates will now enter the top 500 richest people in the world, amassing more than $ 1.8 billion in wealth over the past decade, according to the Bloomberg Billionaires Index.

Founded about two decades ago, Bet365 has benefited from the growing popularity of online sports betting.

Headquartered in the English city of Stoke-on-Trent, the company recorded revenue of £ 2.8 billion for the financial year ended 28 February 2021, at a level very close to the revenue of the previous financial year, given that The pandemic has continued to affect the sports betting industry, mainly due to postponed or canceled sporting events.

After graduating from the University of Sheffield with a degree in econometrics, Denise Coates also took accounting courses and took over a small chain of betting agencies owned by her father.

At the age of 22, he became general manager of the business founded by Peter Coates and, from his new position, expanded his business and the number of agencies he owned. The next step was to move the entire business online and develop it to a level that is hard to anticipate at first.

Along with Bet365, Coates and her family also own Stoke City FC.